Italy: Financial Sector Assessment Program: Detailed Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulation
IMF Staff Country Reports, March 1, 2006
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- Italy: Financial Sector Assessment Program: Detailed Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulation
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Bibliographic details
- Published: March 1, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819960.002
Overview
- Paper discusses the Financial Sector Assessment Program focusing on Detailed Assessment of Implementation of the International Organization of Securities Commission (IOSCO) Objectives and Principles of Securities Regulation for Italy.
- The IOSCO Principles list a number of preconditions to effective securities regulation.
- The preconditions identified by the assessment appear to be in place in Italy.
IOSCO preconditions highlighted
- Appropriateness of legal, tax, and accounting framework within which the securities market operates.
- Effectiveness of procedures for the efficient resolution of problems in the securities market.
- Soundness of macroeconomic policies.
Subjects and keywords (as listed)
- Subject: External audit, Financial institutions, Financial instruments, Financial markets, Government securities, Public financial management (PFM), Securities markets, Sovereign bonds
- Keywords: CR, Europe, External audit, Government securities, ISCR, market intermediary, market management company, market manipulation, market operator, market rule, markets participant, regulated market, Securities markets, Sovereign bonds